Joint
consortium to lay new trans-pacific submarine
cable
BEIJING, Dec 19: Six telecom operators from
China, South Korea and the United States have
formed a joint consortium to lay a new
trans-Pacific fibre-optic submarine cable
directly linking China and the United States to
raise the capacity of telecom services.
The
cable, costing about 500 million US dollars, is
expected to ease the strain on Internet networks
caused by rapid growth in the number of users in
China and the US.
The
new cable will be able to support 62 million
simultaneous phone calls, more than 60 times the
overall capacity of the existing one linking the
US and China.
Under
the deal, Chinese mainland operators China
Telecom, China Netcom, China Unicom, Taiwan's
Chunghwa Telecom, Korea Telecom (KT) and Verizon
Business in the United States, will build the
cable called Trans-Pacific Express (TPE).
It
will be the first undersea cable directly
crossing the Pacific Ocean connecting China and
the US.
Currently,
Internet data between the two countries has to be
routed via Japan, which causes traffic delays.
The
new cable, which will extend more than 18,000
kilometres, is scheduled to be completed in the
third quarter of 2008, 'China Daily' reported.
Access
to overseas websites from China is usually slow,
especially during peak hours, due to growth of
the Internet population.
China
Telecom Executive Vice-President Leng Rongquan
said the current cable network linking China and
the US will not be able to meet demand after
2008. (PTI)
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Pentagon
report confirms spiraling violence in
Iraq
WASHINGTON, Dec 19: The security
situation in Iraq continued to
deteriorate between mid-August and
mid-November with a 22 per cent jump in
attacks compared to the three preceding
months, according to a quarterly report
issued by the Pentagon.
"In
the past three months, the total number
of attacks increased 22 per cent,"
the report to US lawmakers said, noting
that some of the increase could be
attributed to a seasonal spike in
violence during Ramadan."
"The
violence in Iraq poses a grave threat to
political progress," according to
the report which was issued yesterday.
According
to the Pentagon, coalition forces were
the target of 68 per cent of the attacks,
but the overwhelming majority of
casualties were suffered by Iraqis.
"Total
civilian casualties increased by two per
cent over the previous reporting
period," the report said.
The report
covered the period from August 12 to
November 10.
The
Pentagon said that 54 per cent of all
attacks occurred in only two provinces,
Baghdad and Anbar.
"Outside
of the Sunni Triangle, more than 90 per
cent of Iraqis reported feeling very safe
in their neighbourhoods," it said.
The report
said the largest threat to security in
Iraq was radical cleric Moqtada al-Sadr's
Mahdi Army militia, "which has
replaced Al-Qaeda in Iraq as the most
dangerous accelerant of potentially
self-sustaining sectarian violence in
Iraq."
Attacks on
infrastructure have dropped, but the
cumulative effect of attacks have
strained services for Iraqis. (AGENCIES)
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Japan
says N Korea talks could end early
TOKYO, Dec 19: Japan's foreign
minister said today that six-party talks
on disarming North Korea, which resumed
after more than a year, could end early
if the communist state did not budge.
North
Korea has demanded a lifting of financial
sanctions before any compromise on its
nuclear programme.
Asked what
the possibility was of talks closing
early, Foreign Minister Taro Aso said,
"It's not zero."
"It
would only mean the sanctions will stay
as they are now," he told reporters.
Aso said
the five nations negotiating with North
Korea -- China, Japan, Russia, South
Korea and the United States --
anticipated that Pyongyang would be
emboldened after its October atomic test.
"It
was expected," Aso said.
"This
is the first meeting" since the
nuclear test, he said. "I think
other participating nations also had
expected it."
Japan's
chief government spokesman Yasuhisa
Shiozaki said separately that it was
"very disappointing" that North
Korea stressed its position as a nuclear
power.
"Although
it had been expected, they should hold
more positive discussions," Shiozaki
said.
The
six-way talks resumed yesterday following
a 13-month suspension that was caused by
North Korea's objections to US financial
sanctions imposed against it late last
year for alleged money laundering and
counterfeiting.
The talks
have no set time frame, although US chief
envoy Christopher Hill had earlier
signalled he anticipated the round to
last around a week. (AGENCIES)
Citigroup
acquires 20 pc equity in Chinese bank
BEIJING, Dec 19: The ailing
Guangdong Development Bank (GDB) has
announced the completion of its share
transfer to new shareholders including
the Citigroup, which has become the first
foreign financial services provider to
manage a Chinese bank.
So far,
all the fund for nearly 85.6 per cent of
GDB's shares has been transacted into the
GDB's account, a company official was
quoted as saying by Xinhua news agency.
In a
addition to Citigroup, other shareholders
are China Life Insurance Group and China
Guodian Corp, respectively the nation's
largest insurer and major electricity
distributor.
Each of
the three companies will hold 20 per cent
of the GDB's shares respectively. The
other three institutions hold about the
remaining 25 per cent.
The
Citigroup-led consortium of new
shareholders signed a purchase agreement
of 24.27 billion yuan (3.03 billion US
dollars) with the GDB last month to
acquire nearly 85.6 per cent of the bank,
ending a lengthy battle with French bank
Societe Generale and China's second
largest insurer Ping An Group.
Also
yesterday, the China Banking Regulatory
Commission approved the GDB's application
for foreign shareholders, said a
statement on the commission's website.
"After
receiving applications from the GDB, we
have conducted a strict qualification
examination based on relevant laws and
regulations. Then we decided to approve
the new shareholders," the statement
said. (PTI)
|
China
sentences drug kingpin to death
BEIJING, Dec 19: A Chinese court
has sentenced a drug kingpin in south
China to death while his four accomplices
received suspended death sentences or
life term.
The
Guangzhou Intermediate People's Court in
Guangdong Province, passed the sentence
on Chen Bingxi, 50, of trafficking and
manufacturing 12.36 tonnes of
methamphetamine, selling 108.85 kilograms
of heroin and transporting over 100
kilograms of heroin.
Chen's
wife, Chen Baoyu, was sentenced to one
year in jail for producing drugs and
illegally crossing a border, Xinhua news
agency quoted the court verdict as
saying.
Two
members of Chen's drug ring were
sentenced to death with a two-year
reprieve. Two others were sentenced to
life in prison.
Chen had
been dealing in drugs for many years and
had close contact with several drug lords
in the country, the court said.
In 1998,
Chen set up a warehouse to store more
than 100 kilograms of heroin that had
been transported from the southwestern
province of Yunnan by Zhang Qisheng, a
convicted drug trafficker who had been
previously sentenced to death.
In May and
June 1998, Chen and Liu Zhaohua, another
notorious drug lord, rented a factory in
Chishui Village and produced 300
kilograms of methamphetamine. Liu was
tried separately by the court but has yet
to be sentenced.
In
November 1999, police seized 11.08 tonnes
of methamphetamine Chen had hidden in a
storehouse in Guangzhou and another 1.28
tonnes in Puning.
Chen and
his wife fled to Thailand in November
1999 but were arrested by police in 2003.
(PTI)
|
Russia
fails solving difference over Iran issue
with US,Europe
UNITED NATIONS, Dec
19: Russia failed to resolve
differences with the United States and
key European countries over a UN
resolution that would impose sanctions on
Iran for refusing to suspend uranium
enrichment.
Russia's
UN Ambassador Vitaly Churkin said
yesterday there had been "some
progress" during talks among the six
key nations trying to negotiate with Iran
- Britain, France, Germany, the US,
Russia and China - but he said
differences remain over a travel ban and
a list of companies and individuals that
should be subject to a freeze of their
financial assets.
Churkin
called the travel ban
"unnecessary" and said that
while Moscow accepts the concept of
having some financial restrictions
related to prohibited nuclear-related
activities, "we have not agreed with
the list."
The latest
draft resolution would order all
countries to ban the supply of specified
materials and technology that could
contribute to Iran's nuclear and missile
programmes, and would impose a travel ban
and asset freeze on key companies and
individuals in the country's nuclear and
missile programmes who are named on a UN
list.
US
Secretary of State Condoleezza Rice spoke
to Russian Foreign Minister Sergey Lavrov
yesterday morning about some of the
outstanding issues. State Department
spokesman Sean McCormack said afterwards:
"We are hopeful that we can get a
vote in the very near future."
Britain's
UN Ambassador Emyr Jones Parry said he
would like the draft resolution to be
finalised today if possible, but the
resolution needs to be discussed by the
entire 15-member Security Council.
Discussions are expected to take place
today. (AGENCIES)
|
Contribution
received for Tsunami relief
distributed:UN report
NEW YORK,
Dec 19: Nearly all
of the contribution received by
the United Nations trust fund to
help with relief and
reconstruction operations in the
aftermath of the Indian Ocean
Tsunami in 2004 has been
distributed, a UN report has
said.
The report from the
Office for the Coordination of
Humanitarian Affairs (OCHA) says
that the Tsunami Trust Fund --
set up to manage contributions
set aside for recovery and
reconstruction operations--
received almost 75 million
dollars through the 2005-06
financial year.
More than 72 million
dollars were allocated to 67
projects involving 14 separate UN
agencies, programmes or
departments in seven countries.
The Fund, which is
under the supervision of the UN
Controller, received
contributions from at least 60
public and private donors.
More than 230,000
people were killed across the
Indian Ocean region when the
tsunami struck on December 26,
2004 after a massive earthquake
off the Indonesian coast. (PTI)
China
defines seven key national
economic sectors
BEIJING, Dec
19: China has for the
first time listed seven sectors,
including defence, telecom and
aviation which are critical to
the national economy and in which
public ownership is considered
"essential".
The seven sectors
are armaments, electrical power
and distribution, oil and
chemicals, telecommunications,
coal, aviation, and shipping, the
State Assets Supervision and
Administration Commission (SASAC)
said today.
"State capital
must play a leading role in these
sectors, which are the vital
arteries of the national economy
and essential to national
security," minister in
charge of SASAC, Li Rongrong
said.
It was the first
time an explicit list was
released of "strategically
important sectors," whose
definition has been vague since
the late 1990s.
"The Chinese
government will inject more
capital into large state-owned
companies (SOEs) in these
priority sectors, optimise their
structure and make them more
competitive," Li said.
More than 40 of the
161 large SOEs supervised by the
SASAC are engaged in these
sectors.
Their total assets
account for three quarters of all
central SOEs, and they rake in 79
per cent of the profits.
"In electrical
power and distribution, oil and
chemicals, telecommunication, and
armaments, central SOEs should
either be solely owned by the
state or else the state should
have a majority
shareholding," Li said.
(PTI)
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Chinese
urged to opt for cremation due to
shortage of land
BEIJING, Dec 19: Chinese people are
being urged to opt for cremation instead
of burial to save the dwindling land
resources available in the world's most
populous nation.
China's
funeral reforms had achieved a lot over
the past several decades, but are now
running into resistance as new graves
proliferate in some areas, vice-minister
of Civil Affairs, Dou Yupei said.
"Bodies
are sometimes cremated and then the ashes
are put into coffins for burial, wasting
land," he told a meeting of the
China Funeral Association in the eastern
metropolis, Shanghai.
"This
shows the funeral reform is not
complete," he said.
Some large
Chinese cities like Beijing and Shanghai
handle one lakh bodies each year.
Nationwide, nearly nine million bodies
need to be processed, he said.
"Where
could we get the land to bury all those
people? We must fully implement a
cremation policy," he said.
China has
a longstanding custom of burying the
dead. But iconoclastic 'Chairman' Mao
Zedong took a different view. This year
marks the 50th anniversary of Mao's
initiative to encourage cremation.
Chinese
leaders such as Zhou Enlai and Deng
Xiaoping have set fine examples for
modern funerals, requesting that their
ashes be scattered in the mountains or on
the high sea.
In 1977,
the government started to encourage
cremation rather than burial, and simple
funerals instead of extravagant and
superstitious ceremonies.
About
67.27 million human remains were cremated
from 1978 to 2005 in China, saving tens
of thousands of hectares of land and
trees and billions of yuan, statistics
from the Ministry of Civil Affairs said.
(PTI)
|
US
plans naval build up in Gulf
NEW YORK, Dec 19: The United States
plans a major build up of Naval forces in
the Gulf beginning next month as a
warning to Iran.
The plan
includes a second US aircraft carrier
joining the one already present in the
area, CBS television network said
yesterday. Military officials, however,
said the build up was not aimed at
attacking Iran.
It is in
response to what the US officials view as
"increasing proactive acts" by
Tehran, including naval exercises, its
support to Shiite militias in Iraq and
its uranium enrichment programme which
American officials believe is aimed at
making a nuclear bomb, the officials were
quoted as saying by the channel.
The
Pentagon declined to comment on the
report. (PTI)
---------------------------------------------------------------------------------------------------------
Teenager
saved from fatwa
DHAKA, Dec 19: Police in
northeastern Bangladesh saved a teenager
from being beaten up by villagers after a
fatwa was imposed on her for giving birth
to an illegitimate child.
Four
people were being interrogated to find
the clue to the fatwa allegedly issued by
a madrassa teacher in Sunamganj
district's Chhatak area, police said
today.
Mahmuda
Begum, 17, was rescued and taken into
custody to save for being beaten up, they
said.
The local
arbitrators, acting according to the
fatwa, had on Friday forced Mahmuda's
father Harab Ullah, a begger, to go to
the local mosque with a garland of old
shoes around his neck.
Media
reports said according to the fatwa
announced by Abdus Sobhan, Khatib of the
Jawa Jame Mosque and an assistant teacher
of a local madrassah, Mahmuda Begum was
to be beaten in broad daylight with a
bundle of bamboo canes.
Mahmuda
gave birth to a male child, who died
after two days. (PTI)
Chinese
leaders 'agree in principle' to visit
Japan next year
BEIJING, Dec 19: Sino-Japanese
political exchanges, seriously disrupted
since 2001 due to former Japanese Prime
Minister Junichiro's visits to the
Yasukuni Shrine, is expected to resume
with a visit by Chinese leaders to Japan
in 2007, a senior official indicated
here.
Chinese
leaders have agreed "in
principle" to visit Japan next year,
said State Councillor Tang Jiaxuan here
yesterday during a meeting with Koichi
Kato, former Secretary-General of the
Liberal Democratic Party (LDP) and a
member of the House of Representatives.
Though
Tang did not identify the Chinese leaders
who would visit Japan next year, it is
believed that Chinese President Hu Jintao
or Premier Wen Jiabao may undertake the
trip.
He said
the two sides should take the visit as an
opportunity to promote friendly exchanges
and reciprocity, cooperation in various
fields and map out a long-term
development plan for the bilateral
relations.
The two
countries should also further consolidate
the "three foundations" for a
long-term, sound and stable development
of bilateral relations, namely the
political foundation, economic foundation
and people-to-people relationship, he
said.
Koizumi's
successor, Shinzo Abe paid an official
visit to China in October after assuming
the premiership, the first visit to China
by a Japanese prime minister in the past
five years.
During his
visit, the two sides issued a joint press
communique, in which the Japanese side
invited Chinese leaders to visit Japan,
and the Chinese side expressed gratitude
and consent in principle for the
invitation. (PTI)
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